Vertical Lift Module (VLM) Market

Global Vertical Lift Module (VLM) Market Size, Trends & Analysis - Forecasts to 2026 By Delivery Type (Single-Level Delivery, Dual-Level Delivery), By Storage Type (Non-Refrigerated Storage, Refrigerated Storage), By End-Use (Automotive, Food & Beverages, Chemicals, Healthcare, E-Commerce, Metals and Heavy Machinery, Semiconductor & Electronics, Aviation, Others), By Region (North America, Europe, Asia Pacific, MEA, and CSA); End-User Landscape, Vendor Landscape, and Company Market Share Analysis and Competitor Analysis

Category Electronics, Semiconductors and Information & Communication Technology

Format

This report was recently updated on April 19 2024 with the latest and most recent market numbers

Global Vertical Lift Module (VLM) Market Size

The Global Vertical Lift Module (VLM) Market will grow from USD 1.20 billion in 2021 to reach USD 2.11 billion in 2026, with a CAGR value of 8.52%. Vertical lift modules play a significant role in smart intralogistics. End-user preferences have changed from using VLMs as a simple space management tool to a system that is gaining operational benefits from its connected systems, causing substantial disruption in intralogistics. This is one of the most important aspects influencing the vertical lift modules (VLM) market.

According to the revised standards of the Occupational Safety and Health Act (2019), all employees across all industries in both developed and developing regions must wear safety fall protective gears irrespective of the fall distance. As a result of stringent policies for occupational safety, the market has witnessed an increasing demand for vertical lift modules. Vertical lift elevator/belt conveyor module is used to lift food containers and empty food cans & bottles for the line production process in the food & beverage industries.

A large number of food and beverage industries are hampered by obsolete carousels that were once used to facilitate picking up products but are now being replaced with vertical storage lift modules. These solutions have significantly improved facility cube usage by allowing enterprises to operate smoothly despite space constraints. VLM is an ergonomic design with trays that can handle over 1,000 pounds of food items. The overall VLM height ranges from 15 feet to 75 feet, in order to accommodate the industry's huge inventories. Also, modula system logistic is an automated storage and retrieval system built for a variety of industries and applications to optimize lifting services. The system logistic modula helps in warehouse management too.

Hence with the increasing adoption of vertical lift modules in numerous industries which includes aviation, healthcare, and automotive among others, increasing warehouse rentals, and the increasing focus on automated storage solutions, the market for VLM will be growing the fastest from 2021 to 2026. The rising use of computer software in vertical lift modules and increasing usage of height sensors in new modules are factors that are likely to improve demand for vertical lift modules.

Vertical lift module trays are usually utilized for heavy products and provide dynamic storage and work on automated machines. Hence, the increased emphasis on automated storage across industrial sectors is expected to drive demand for vertical lift modules significantly. Furthermore, increased demand for solutions and the integration of robots with VLM machines will provide new opportunities for the vertical lift module market.

global vertical lift module market

Global Vertical Lift Module (VLM) Market: By Delivery Type

Based on the delivery type, the market is segmented into single-level delivery and dual-level delivery. The single-level delivery segment will be the fastest-growing segment owing to the rising demand for automotive spare parts and growing automotive sales. The VLM market will be growing the fastest owing to the rising demand for single-level delivery system. Moreover, the dual-level delivery is expected to be the largest share of the market during the forecast period due to the increasing demand from machine heavy equipment and automotive industries.

Global Vertical Lift Module (VLM) Market: By Storage Type

Non-refrigerated storage and refrigerated storage are the segmentation based on the type of storage in the market. The non-refrigerated storage segment will be the largest one in terms of revenue sales from 2021 to 2026. Non-refrigerated VLM storage is the optimum solution for the production industries. Non-refrigerated VLM storage necessitates efficient handling and storage of commodities without the requirement for a temperature-controlled environment.

Vertical Lift Module (VLM) Market: By End-Use

Based on the end-use, the market can be split into automotive, food & beverages, chemicals, healthcare, e-commerce, metals and heavy machinery, semiconductor & electronics, and aviation, among others. The automotive application segment is analyzed to be growing the fastest from 2021 to 2026. The automotive industry has expanded rapidly due to the increasing demand for automotive parts and electric vehicles. This rapid growth necessitates efficient goods handling and storage, which leads to a surge in the use of VLMs in the automotive industry.

asia pacific vertical lift module market

Global Vertical Lift Module (VLM) Market: By Region

As per the geographical analysis, the vertical lift module (VLM) market can be classified into North America (the United States, Canada, and Mexico), Asia Pacific (India, China, Japan, Malaysia, Singapore, and the Rest of Asia Pacific), Europe (Germany, United Kingdom, Italy, France, Spain, Netherlands, and Rest of Europe), Middle East & Africa (Saudi Arabia, United Arab Emirates, and Rest of the Middle East & Africa) and Central & South America (Brazil, Argentina, and Rest of Central and South America).

Europe (Germany, United Kingdom, Italy, France, Spain, Netherlands, and the Rest of Europe) will be the market segment with a lion’s share. The dominant position is attributed to the rising demand for VLM for warehouse management, strong economic growth, high spending power in solutions to render customer-friendly service, increasing launch of new vehicles, and advancements in technologies. Also, Europe is the hub for most automobile companies and hence, the regional segment is ought to be the largest shareholder.

However, the Asia Pacific segment will be the fastest-growing segment in the market from 2021 to 2026. Key factors such as the expanding semiconductor, automotive, and electronics sectors, increasing demand for warehousing management tools, and automated material handling systems are all contributing to the expansion of the VLM storage market in APAC region.

Global Vertical Lift Module (VLM) Market Share and Competitor Analysis

Hanel GmbH & Co. Kg., Modula Inc., Weland Lagersystem AB, EffiMat Storage Technology A/S, DMW&H, Automha SPA, ICAM Srl, Constructor Group (Gonvarri Mat), Daifuku Co. Ltd., Jungheinrich AG, EBHARDT Fördertechnik GmbH, Systems Logistics SPA, Kardex Group (Remstar), Schafer Systems International, Ferretto Group S.P.A., among others are the key players in the vertical lift module (VLM) market.

Please note: This is not an exhaustive list of companies profiled in the report.

Chapter 1 Methodology

1.1 Market Scope & Definitions

1.2 Estimates & Forecast Calculation

1.3 Historical Data Overview and Validation

1.4 Data Sources

1.4.1 Secondary

1.4.2 Primary

Chapter 2 Report Outlook

2.1 Vertical Lift Module (VLM) Industry Overview, 2020-2026

2.1.1 Industry Overview

2.1.2 Delivery Type Overview

2.1.3 Storage Type Overview

2.1.4 End-Use Overview

2.1.5 Regional Overview

Chapter 3 Global Vertical Lift Module (VLM) Market Trends

3.1 Market Segmentation

3.2 Industry Background, 2020-2026

3.3 Market Key Trends

3.3.1 Positive Trends

3.3.1.1 Rising need to optimize warehouse floor space

3.3.1.2 Rising focus on worker safety and security

3.3.2 Industry Challenges

3.3.2.1 Risk of downtime and interrupted operations in case of equipment malfunction

3.4 Prospective Growth Scenario

3.4.1 Delivery Type Growth Scenario

3.4.2 Storage Type Growth Scenario

3.4.3 End-Use Growth Scenario

3.5 COVID-19 Influence over Industry Growth

3.6 Porter’s Analysis

3.7 PESTEL Analysis

3.8 Value Chain & Supply Chain Analysis

3.9 Regulatory Framework

3.9.1 North America

3.9.2 Europe

3.9.3 APAC

3.9.4 LATAM

3.9.5 MEA

3.10 Technology Overview

3.11 Market Share Analysis, 2020

3.11.1 Company Positioning Overview, 2020

Chapter 4 Global Vertical Lift Module (VLM) Market, By Delivery Type

4.1 Delivery Type Outlook

4.2 Single-Level Delivery

4.2.1 Market Size, By Region, 2020-2026 (USD Billion)

4.3 Dual-Level Delivery

4.3.1 Market Size, By Region, 2020-2026 (USD Billion)

Chapter 5 Global Vertical Lift Module (VLM) Market, By Storage Type

5.1 Storage Type Outlook

5.2 Non-Refrigerated Storage

5.2.1 Market Size, By Region, 2020-2026 (USD Billion)

5.3 Refrigerated Storage

5.3.1 Market Size, By Region, 2020-2026 (USD Billion)

Chapter 6 Vertical Lift Module (VLM) Market, By End-Use

6.1 End-Use Outlook

6.2 Automotive

6.2.1 Market Size, By Region, 2020-2026 (USD Billion)

6.3 Food & Beverages

6.3.1 Market Size, By Region, 2020-2026 (USD Billion)

6.4 Chemicals

6.4.1 Market Size, By Region, 2020-2026 (USD Billion)

6.5 Healthcare

6.5.1 Market Size, By Region, 2020-2026 (USD Billion)

6.6 E-Commerce

6.6.1 Market Size, By Region, 2020-2026 (USD Billion)

6.7 Metals and Heavy Machinery

6.7.1 Market Size, By Region, 2020-2026 (USD Billion)

6.8 Semiconductor & Electronics

6.8.1 Market Size, By Region, 2020-2026 (USD Billion)

6.9 Aviation

6.9.1 Market Size, By Region, 2020-2026 (USD Billion)

6.10 Others

6.10.1 Market Size, By Region, 2020-2026 (USD Billion)

Chapter 7 Vertical Lift Module (VLM) Market, By Region

7.1 Regional outlook

7.2 North America

7.2.1 Market Size, By Country 2020-2026 (USD Billion)

7.2.2 Market Size, By Delivery Type, 2020-2026 (USD Billion)

7.2.3 Market Size, By Storage Type, 2020-2026 (USD Billion)

7.2.4 Market Size, By End-Use, 2020-2026 (USD Billion)

7.2.5 U.S.

7.2.5.1 Market Size, By Delivery Type, 2020-2026 (USD Billion)

7.2.5.2 Market Size, By Storage Type, 2020-2026 (USD Billion)

7.2.5.3 Market Size, By End-Use, 2020-2026 (USD Billion)

7.2.6 Canada

7.2.6.1 Market Size, By Delivery Type, 2020-2026 (USD Billion)

7.2.6.2 Market Size, By Storage Type, 2020-2026 (USD Billion)

7.2.6.3 Market Size, By End-Use, 2020-2026 (USD Billion)

7.3 Europe

7.3.1 Market Size, By Country 2020-2026 (USD Billion)

7.3.2 Market Size, By Delivery Type, 2020-2026 (USD Billion)

7.3.3 Market Size, By Storage Type, 2020-2026 (USD Billion)

7.3.4 Market Size, By End-Use, 2020-2026 (USD Billion)

7.3.5 Germany

7.3.5.1 Market Size, By Delivery Type, 2020-2026 (USD Billion)

7.3.5.2 Market Size, By Storage Type, 2020-2026 (USD Billion)

7.3.5.3 Market Size, By End-Use, 2020-2026 (USD Billion)

7.3.6 UK

7.3.6.1 Market Size, By Delivery Type, 2020-2026 (USD Billion)

7.3.6.2 Market Size, By Storage Type, 2020-2026 (USD Billion)

7.3.6.3 Market Size, By End-Use, 2020-2026 (USD Billion)

7.3.7 France

7.3.7.1 Market Size, By Delivery Type, 2020-2026 (USD Billion)

7.3.7.2 Market Size, By Storage Type, 2020-2026 (USD Billion)

7.3.7.3 Market Size, By End-Use, 2020-2026 (USD Billion)

7.3.8 Italy

7.3.8.1 Market Size, By Delivery Type, 2020-2026 (USD Billion)

7.3.8.2 Market Size, By Storage Type, 2020-2026 (USD Billion)

7.3.8.3 Market Size, By End-Use, 2020-2026 (USD Billion)

7.3.9 Spain

7.3.9.1 Market Size, By Delivery Type, 2020-2026 (USD Billion)

7.3.9.2 Market Size, By Storage Type, 2020-2026 (USD Billion)

7.3.9.3 Market Size, By End-Use, 2020-2026 (USD Billion)

7.3.10 Russia

7.3.10.1 Market Size, By Delivery Type, 2020-2026 (USD Billion)

7.3.10.2 Market Size, By Storage Type, 2020-2026 (USD Billion)

7.3.10.3 Market Size, By End-Use, 2020-2026 (USD Billion)

7.4 Asia Pacific

7.4.1 Market Size, By Country,2020-2026 (USD Billion)

7.4.2 Market Size, By Delivery Type, 2020-2026 (USD Billion)

7.4.3 Market Size, By Storage Type, 2020-2026 (USD Billion)

7.4.4 Market Size, By End-Use, 2020-2026 (USD Billion)

7.4.5 China

7.4.5.1 Market Size, By Delivery Type, 2020-2026 (USD Billion)

7.4.5.2 Market Size, By Storage Type, 2020-2026 (USD Billion)

7.4.5.3 Market Size, By End-Use, 2020-2026 (USD Billion)

7.4.6 India

7.4.6.1 Market Size, By Delivery Type, 2020-2026 (USD Billion)

7.4.6.2 Market Size, By Storage Type, 2020-2026 (USD Billion)

7.4.6.3 Market Size, By End-Use, 2020-2026 (USD Billion)

7.4.7 Japan

7.4.7.1 Market Size, By Delivery Type, 2020-2026 (USD Billion)

7.4.7.2 Market Size, By Storage Type, 2020-2026 (USD Billion)

7.4.7.3 Market Size, By End-Use, 2020-2026 (USD Billion)

7.4.8 Australia

7.4.8.1 Market Size, By Delivery Type, 2020-2026 (USD Billion)

7.4.8.2 Market size, By Storage Type, 2020-2026 (USD Billion)

7.4.8.3 Market Size, By End-Use, 2020-2026 (USD Billion)

7.4.9 South Korea

7.4.9.1 Market Size, By Delivery Type, 2020-2026 (USD Billion)

7.4.9.2 Market Size, By Storage Type, 2020-2026 (USD Billion)

7.4.9.3 Market Size, By End-Use, 2020-2026 (USD Billion)

7.6.5 Latin America

7.5.1 Market Size, By Country 2020-2026 (USD Billion)

7.5.2 Market Size, By Delivery Type, 2020-2026 (USD Billion)

7.5.3 Market Size, By Storage Type, 2020-2026 (USD Billion)

7.5.4 Market Size, By End-Use, 2020-2026 (USD Billion)

7.5.5 Brazil

7.5.5.1 Market Size, By Delivery Type, 2020-2026 (USD Billion)

7.5.5.2 Market Size, By Storage Type, 2020-2026 (USD Billion)

7.5.5.3 Market Size, By End-Use, 2020-2026 (USD Billion)

7.5.6 Mexico

7.5.6.1 Market Size, By Delivery Type, 2020-2026 (USD Billion)

7.5.6.2 Market Size, By Storage Type, 2020-2026 (USD Billion)

7.5.6.3 Market Size, By End-Use, 2020-2026 (USD Billion)

7.5.7 Argentina

7.5.7.1 Market Size, By Delivery Type, 2020-2026 (USD Billion)

7.5.7.2 Market Size, By Storage Type, 2020-2026 (USD Billion)

7.5.7.3 Market Size, By End-Use, 2020-2026 (USD Billion)

7.6 MEA

7.6.1 Market Size, By Country 2020-2026 (USD Billion)

7.6.2 Market Size, By Delivery Type, 2020-2026 (USD Billion)

7.6.3 Market Size, By Storage Type, 2020-2026 (USD Billion)

7.6.4 Market Size, By End-Use, 2020-2026 (USD Billion)

7.6.5 Saudi Arabia

7.6.5.1 Market Size, By Delivery Type, 2020-2026 (USD Billion)

7.6.5.2 Market Size, By Storage Type, 2020-2026 (USD Billion)

7.6.5.3 Market Size, By End-Use, 2020-2026 (USD Billion)

7.6.6 UAE

7.6.6.1 Market Size, By Delivery Type, 2020-2026 (USD Billion)

7.6.6.2 Market Size, By Storage Type, 2020-2026 (USD Billion)

7.6.6.3 Market Size, By End-Use, 2020-2026 (USD Billion)

7.6.7 South Africa

7.6.7.1 Market Size, By Delivery Type, 2020-2026 (USD Billion)

7.6.7.2 Market Size, By Storage Type, 2020-2026 (USD Billion)

7.6.7.3 Market Size, By End-Use, 2020-2026 (USD Billion)

Chapter 8 Company Landscape

8.1 Competitive Analysis, 2020

8.2 Hanel GmbH & Co. Kg.

8.2.1 Company Overview

8.2.2 Financial Analysis

8.2.3 Strategic Positioning

8.2.4 InfoGraphic Analysis

8.3 Modula Inc

8.3.1 Company Overview

8.3.2 Financial Analysis

8.3.3 Strategic Positioning

8.3.4 InfoGraphic Analysis

8.4 Weland Lagersystem AB

8.4.1 Company Overview

8.4.2 Financial Analysis

8.4.3 Strategic Positioning

8.4.4 InfoGraphic Analysis

8.5 Thermo Fisher Scientific

8.5.1 Company Overview

8.5.2 Financial Analysis

8.5.3 Strategic Positioning

8.5.4 InfoGraphic Analysis

8.6 EffiMat Storage Technology A/S

8.6.1 Company Overview

8.6.2 Financial Analysis

8.6.3 Strategic Positioning

8.6.4 InfoGraphic Analysis

8.7 DMW&H

8.7.1 Company Overview

8.7.2 Financial Analysis

8.7.3 Strategic Positioning

8.7.4 InfoGraphic Analysis

8.8 Automha SPA

8.8.1 Company Overview

8.8.2 Financial Analysis

8.8.3 Strategic Positioning

8.8.4 InfoGraphic Analysis

8.9 ICAM Srl

8.9.1 Company Overview

8.9.2 Financial Analysis

8.9.3 Strategic Positioning

8.9.4 InfoGraphic Analysis

8.10 Constructor Group (Gonvarri Mat)

8.10.1 Company Overview

8.10.2 Financial Analysis

8.10.3 Strategic Positioning

8.10.4 InfoGraphic Analysis

8.11 Daifuku Co. Ltd.

8.11.1 Company Overview

8.11.2 Financial Analysis

8.11.3 Strategic Positioning

8.11.4 InfoGraphic Analysis

8.12 Other Companies

8.12.1 Company Overview

8.12.2 Financial Analysis

8.12.3 Strategic Positioning

8.12.4 InfoGraphic Analysis

The Global Vertical Lift Module (VLM) Market has been studied from the year 2019 till 2026. However, the CAGR provided in the report is from the year 2021 to 2026. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.

The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply-side analysis for the Vertical Lift Module (VLM) Market.

The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.

Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the company and customer analytics.

We value your investment and offer free customization with every report to fulfil your exact research needs.

This website is secure and your personal details are safe. Privacy

You can also purchase parts of this report. Do you want to check out a section wise price list?

Frequently Asked Questions

What is the projected market size of the global vertical lift module (VLM) market?

The global vertical lift module (VLM) market will grow from USD 1.20 billion in 2021 to reach USD 2.11 billion in 2026, with a CAGR of 8.52%.

Who are the major vendors in the vertical lift module (VLM) market?

Key and innovative vendors in the vertical lift module (VLM) market include Hanel GmbH & Co. Kg., Modula Inc., Weland Lagersystem AB, EffiMat Storage Technology A/S, DMW&H, Automha SPA, ICAM Srl, Constructor Group (Gonvarri Mat), Daifuku Co. Ltd., Jungheinrich AG, EBHARDT Fördertechnik GmbH, Systems Logistics SPA, Kardex Group (Remstar), Schafer Systems International, Ferretto Group S.P.A., among others.

Which region has the highest market share in the vertical lift module (VLM) market?

Europe is estimated to hold the largest market share in the vertical lift module (VLM) market.

What is the Covid-19 impact on future vertical lift module (VLM) manufactures?

Globally, Covid-19 impact on the Vertical Lift Module (VLM) market will be beneficial for the manufacturers. Europe would be leading because of the growing automotive sales and production of automotive spare parts post pandemic. Subsequently, the Asia Pacific market will be growing the fastest owing to the increasing demand for warehouse management systems and flourishing automotive, and semiconductor industries.

What are the major drivers in the vertical lift module (VLM) market?

With the increasing adoption of vertical lift modules in numerous industries which includes aviation, healthcare, and automotive among others, increasing warehouse rentals, and the increasing focus on automated storage solutions, the market for VLM will be growing the fastest from 2021 to 2026